DE40 Index

USDCAD breaks major resistance The Canadian dollar slipped after July’s retail data fell short of expectations. The current rally continues to accelerate after the US dollar rose to a fresh two-year high above 1.3420. A lack of selling…
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USDCHF pops resistance The US dollar rallies as Fed officials reiterate an aggressive tightening stance. A bearish RSI divergence as the pair grinded the supply zone at August’s high (0.9650) turned out to be a false alert for lack of…
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NZDUSD tests supply zone The New Zealand dollar bounces higher after Q2 CPI exceeded expectations. Despite a choppy price action, general sentiment remains downbeat. Trend followers have been eager to sell into strength. The latest…
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USDJPY seeks support The yen edged higher after Japan’s unemployment rate fell below expectations in December. The greenback met stiff selling pressure at the origin of the mid-January sell-off (115.65). The RSI’s overbought…
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EURGBP sees a temporary pullback The sterling inched higher as traders took profit after the BOE’s dovish shift last week. The rally above the supply area of 0.8570 is a sign of commitment from the buy-side. Strong momentum has…
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USDCHF bounces off demand zone The US dollar inched higher after a solid core PCE reading in September. The pair is testing the major demand area from last August’s lows (0.9100). A bearish MA cross on the daily chart has dented…
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